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US Stock Movements in March 2015
US Stock Movements in March 2015 United States >> 4/15/2015 - Preliminary data for February shows that total commercial oil stocks rose by 6.2 mb for the fourth consecutive month to stand at 1,182 mb, which is nearly 135 mb or 12.9% above the same period a year ...
Angolan Sovereign Fund Plans African Investments
Angola >> 4/13/2015 - The Fundo Soberano de Angola (FSDEA) announced the launch of five dedicated investment funds that will target high growth industries while promoting economic and social development in Angola and the S...
Shell to Continue to Invest in Trinidad and Tobago
Trinidad and Tobago >> 4/11/2015 - ENERGY giant Shell will continue to invest in Trinidad and Tobago. Prime Minister Kamla Persad-Bissessar addressing the Summit of the Americas Chief Executive Officers conference Friday, said she had ...
MIDOR Signs $1.4b Deal to Expand MIDOR Refinery
MIDOR Signs $1.4b Deal to Expand MIDOR Refinery Egypt >> 4/9/2015 - The Petroleum Minister Eng. Sherif Ismail has attended the signing ceremony of two agreements between the Middle East Oil Refinery (MIDOR) and the International Company (UOP), aiming at expanding MIDO...
IOOC to Receive $20b Investment
Iran >> 4/8/2015 - Iranian Offshore Oil Company (IOOC) expects to attract between $15 billion and $20 billion in investment in the current calendar year which started on March 21, IOOC manager said. ...
SOCAR’s Budget Payments for March 2015
Azerbaijan >> 4/8/2015 - SOCAR paid AZN 113 million 714 thousand to the State Budget for March of the current year.For January-March 2015, SOCAR transferred AZN 340 million 443 thousand to the State Budget. Besides, the Compa...
Pemex & First Reserve Provides Substantial $1b Cooperation Agreement
Mexico >> 4/7/2015 - Petroleos Mexicanos and First Reserve, the largest global private equity and infrastructure investment firm exclusively focused on energy, announced a US$1 billion agreement to mutually invest in ener...
Petrobras Inks $3.5B Facility Agreement with China Development Bank
China >> 4/2/2015 - Petroleo Brasileiro S.A. (Petrobras) announced that it has executed with China Development Bank Corporation (CDB) the first Facility Agreement of a cooperation arrangement to be implemented during 201...
KMG EP 2015 Budget Revision
Kazakhstan >> 4/2/2015 - JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting on March 30, 2015. During the meeting the Board approved the revision of the 2015 budget and approved the meeting age...
Saipem Signs Joint Venture with Nigeria's Dangote Group
Nigeria >> 4/1/2015 - Saipem had signed a joint venture with Nigeria-based Dangote Group to develop business in central and west Africa. ...
Petrobras Signs $3.5b Deal with China Development Bank
China >> 4/1/2015 - Petrobras has executed with China Development Bank Corporation – CDB the first Facility Agreement of a cooperation arrangement to be implemented during 2015 and 2016. The Agreement is being executed i...
Japan Stock Movements in March 2015
Japan Stock Movements in March 2015 Japan >> 3/30/2015 - In Japan, total commercial oil stocks fell by 6.4 mb in January following a stock draw of 11.1 mb in December to stand at 154.4 mb, which is 1.4 mb or 0.9% lower than a year ago and 11 mb or 6.6% belo...
Egypt Spends 30 Pct Less on Fuel Subsidies in Fiscal H1
Egypt >> 3/30/2015 - Egypt's fuel subsidy bill for the first half of the current fiscal year fell to 44.8 billion Egyptian pounds ($5.9 billion) from 64.5 billion a year earlier, the finance ministry said.

The ...
Sound Financial Strategy Securing High Business Stability of Gazprom
Russia >> 3/24/2015 - The Gazprom Board of Directors took notice of the information about the Company’s financial strategy, including the funding of the capital investment program. ...
Egypt Raises Gas Price Paid to RWE to $3.50 per Mmbtu
Egypt Raises Gas Price Paid to RWE to $3.50 per Mmbtu Egypt >> 3/23/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources signed on modifying the gas price in the agreement of onshore Nile Delta Disouq concession area, with investments of $ 240 million s...
SOCAR to Ask Central Bank for $952m for Petrochemical Plant
Azerbaijan >> 3/19/2015 - Azeri state energy company SOCAR will ask the central bank for a 1 billion manats ($952 million) loan to kick start building its $16.5 billion oil, gas and petrochemicals processing plant, SOCAR Presi...
Huge O&G Investments during Egypt Conference
Huge O&G Investments during Egypt Conference Egypt >> 3/18/2015 - The Egypt Economic Development Conference (EEDC) that took place last week in Sharm El Sheikh saw investors taking active steps to invest in Egypt economy. The agreements and MOU's that were signed ad...
Stock Movements - March 15
Austria >> 3/16/2015 - OECD commercial oil stocks fell by 5.0 mb in January to stand at 2,695 mb, nearly 123.4 mb higher than same time a year ago and 22 mb above the latest five-year average. Crude indicated a surplus of...
BG to Invest $4bn in Egypt over Two Years
BG to Invest $4bn in Egypt over Two Years Egypt >> 3/15/2015 - The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) signed a Heads of Agreement to continue the development of their joint gas interests in the Nile D...
Eni Signs $5b Heads of Agreement with Egypt
Eni Signs $5b Heads of Agreement with Egypt Egypt >> 3/14/2015 - The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, signed with Eni’s CEO, Claudio Descalzi, a Head of Agreement aimed at the development of the oil and gas resources of the Coun...

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